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15 Multiple choice questions

Authored by Michael Addison, Jr.

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12th Grade

Used 2+ times

15 Multiple choice questions
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: the height of an economic expansion, when real GDP stops rising

Trough

Recovery

Peak

Boom

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one

Discouraged Worker

Seasonal Employment

Structural Employment

Frictional Employment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season

Seasonal Unemployment

Technological Unemployment

Frictional Unemployment

Structural Unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: The key measure of inflation- the change in the cost of buying a fixed basket of goods and services.

Employment Cost Index

Gdp Price Index

Consumer Price Index

Producer Price Index

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: bottom of wave

Boom

Recovery

Trough

Peak

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: A measurement of the total goods and services produced within a country.

Consumer Price Index

Gross National Product (gnp)

Gross Domestic Product (GDP)

Gross National Income (gnl)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Definition: unemployment caused by a business cycle recession

Frictional Unemployment

Natural Unemployment

Cyclical Unemployment

Structural Unemployment

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